Aimia Inc. Q4 2021 Earnings Results and PLM Divestment

Aimia Inc. reported fourth quarter 2021 financial results with a net loss of $15.1 million from continuing operations, offset by strategic achievements including the divestment of its 48.9% stake in PLM for approximately $492 million in net proceeds. The company plans to deploy the majority of proceeds toward acquiring controlling stakes in cash-generative U.S. or Canadian businesses and allocate up to $75 million toward share buybacks and special dividends.